The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-01-19

sets OF such OF the companies as have
received aid from the government in
bond, and what assets OF each COM
psny are now subject to the lien oil
the govsrnment and the value thereof.
Mr.. Anderson (Kas.) offered an in
curry as 10 whether any dividends
lave BEEN uolawiully paid on the
cap tai stock OF said companies, and
whether any new stock has been L.
sued or any guarantees or pledges
made without authority OF law. The
Commission is also directed to inves-
liga,e all the facts relating to the pre-
tended consolidation OF the Union
Pacific Railroad Company, the Kan
sas Pacific Railroad Company and the
Denver Pacific Railroad Company,
into an alleged corporation known as
Union Pacific Railroad Company.
Mr.. Holman (Ind.) offered an
amendment directing the Commits
sion to inquire whether any oil
the Pacific railroad corporations
which have obtained bonds rom the
United States have expended any OF
their moneys or other sGsets in the
Instruction Of other railroads, or in.
vesi ed any Cf their moneys or other
assets in the stocks or bonds OF other
railroad corporations, and il such ex-
penditnTes or investments have been
made, the extent and character thereof
made by each OF said corporations
shall be inquired into aud also the
present interest OF such corporations
in The railroads auxiliary OF their re-
spectivs railroads.
Mr.. Henley (Csl of red an amend.
ment extending the inquiry as to
whether any dividends have been IL
legally declared by the directors Of
said companies, and, il so, to what ex
tent, and whe her the amount OF such
illegal dividends may not be recov-
cred from the directors unlawfully de-
Glazing the same.
Mr.. Hayden Mass speaking for
Charles Francis Adams, stated that
that gentleman desired the proposed
investigation and presented his pub
lished letter to that effect. He de-
erred TO give little piece of history in
connection with this resolution which
had originally been introduced by MIR.
Henley (Cal). The resolution had
been introduced for the purpose OF
obstructing any legislation on The ex-
tension bill before Ethe House. He
then briefly sketched the connection
Of Mr.. RsddiDgton with the Railroad
Comm issioner's office and the sever
ance Of that connection, and declared
that everything that had been done to
obstruct the consideration OF the ques.
ton OF the ex ension OF the bonds, had
been inspired by this man. 1t had
been a stock jobbing operation from
beginning TO end. Within the last
few weeks, when 1t had appeared like
" that the iunding bill would be CEN
sidered, certain newspapers hi
brought charges against the gent eman
from Georgia (Mr, Crisp), and other
members OF the Committee on Pacific
Railroads. At one time Mr.. Crisp was
charged with being Huntington's man,
and every man on the committee had
been charged with doing acts wrong
fully and wlckedly.
Mr.. Henley said the gentleman
from Massachusetts, (Mr. Haydeu) had
made an allegation which he did not
think the gentleman, upon reflection,
would be disposed to stand by. That
was that every person on the floor,
including the gentlemen from Indiana
and Illinois (MessIs, Holman and
Springer), aud oil others who in the
conscientious discharge OF their du-
ties had seen fit to an agonize the Pa
cific extension bill, were Inspired to do
60 by stock jobbers.
The gentleman stuck to it.
Well, so far as no was concerned,
q man who stSd that he (Mr. Henley
was inspired by any stock jobber, he
could not properly reply to on this
h1or, because his words would have TO
be taken down. He might TetoTt to
the gentleman that, accoi ding to the
estimate OF some pSrsons, the gentle.
man had signaiEed himself as the de-
fender and upholder of the wrongs
and outrages charged against the
Union Pacific management. By every
means on top Of the earth parlia.
meutary and honorable he intended
to defect, II he could, the funding
bill, to which the gentleman seemed 30
devoted.
Mr.. Hayden reiterated his statement
that the inspiration Of this resolution
came from persons interested in stock
jobbing, and II the gentleman was in.
nocent in carrying 1t on, he (Mr. Hay
den) had no charge to make. This
whole proposition had been originated
for the purpose OF defeating the con.
sidsrstion Of the bill, which would put
money into the Treasury of the United
States. He did not know what griev-
auoes the gentleman had, but he did
know the gentleman had been con-
SANITY, IN season and out OF season,
making charges against Mr.. Adsms,
which were without any foundation.
He (Mr. Hayden was glad to be here
to stand up for an honorable gentle
man who could not defend himself.
The amendmeL t. offered by Messrs.
Crisp, Anderson, Holman and Henley
were agreed upon, and the joint reso-
luton was passed without division.
The joint resolution provides that the
DCNiOthiN VI buu AuACllOI 10 dubllOtlLCu
to appoint and fix the compensation
OF thres competent persons, said COM
peIsation not to exceed $4,000 per an
nun each and the Necessary travelling
expenses and board bills, for which
proper vouchers shall be returned to
be approved by the Secretary of the
Interior; and also appoint a steuo-
grapher, il necessary, aud fix his com.
pensstion, whose duty it shall be to
examine into the working and finsn-
cial management OF the Pacific rail-
roads Tor such as he may deem expe-
dent that have receive aid from the
government in bonds or land, to ascer.
tain whether they have observed ell
the obligations imposed upon them by
the laws under which they received
such aid, or since passed in reference
thereto; and whether their books and
accounts are 30 kept as to show
the net earnings Of the
aided roads, not reduced by
constructive mileage on branch
roads or average mileage between
aided and non aided roads or parts Of
roads, or whether there is a diversion